Tesla CEO Elon Musk argued Friday that his Twitter use did not violate a settlement agreement with the U.S. Securities and Exchange Commission and that the agency’s request to have him held in contempt is based on a “radical interpretation” of the order, according to court papers filed in Manhattan federal court. The SEC has asked […]
View More Elon Musk defends tweets in SEC’s contempt proceedingsCategory: Automotive
Gates-backed Lumotive upends lidar conventions using metamaterials
Pretty much every self-driving car on the road, not to mention many a robot and drone, uses lidar to sense its surroundings. But useful as lidar is, it also involves physical compromises that limit its capabilities. Lumotive is a new company with funding from Bill Gates and Intellectual Ventures that uses metamaterials to exceed those limits, perhaps setting a new standard for the industry.
View More Gates-backed Lumotive upends lidar conventions using metamaterialsGM investing $300 million to build a new electric Chevy in the U.S.
GM announced Friday it will invest $300 million into a Michigan factory to produce a new Chevrolet electric vehicle, reversing a decision to build the EV outside of the United States. The announcement comes on the heels of recent job cuts and plant closures by GM, moves that have complicated bargaining with union workers over […]
View More GM investing $300 million to build a new electric Chevy in the U.S.Tesla’s customer referral program is back weeks after it was killed off
Tesla killed off its customer referral program way back on Feb. 1, 2019 because the popular program was getting too costly to maintain. But now, less than two months later, Tesla is bringing it back with new incentives aimed at rewarding its customers, and bringing in new ones. Tesla’s customer referral program had offered a […]
View More Tesla’s customer referral program is back weeks after it was killed offTesla sues former employees, Zoox for alleged trade secret theft
Tesla has filed a pair of lawsuits against a handful of former employees who went to work at self-driving vehicle startup Zoox and Chinese EV automaker Xiaopeng. The separate lawsuits filed late Wednesday allege former Tesla employees stole trade secrets and used them at their new places of employment. Tesla declined to comment on either […]
View More Tesla sues former employees, Zoox for alleged trade secret theftFord will invest $850 million to add more production capacity for EVs
Ford plans to invest more than $850 million to add more production capacity at a second U.S. factory for its next-generation battery-electric vehicle program. The investment, which will be made through 2023, will focus on expanding Ford’s Flat Rock Assembly Plant in southeast Michigan. The plant investment also includes funding to build the next-generation Mustang […]
View More Ford will invest $850 million to add more production capacity for EVsTC Sessions: Mobility, a one-day session event on the future of transportation
The way people and packages move from Point A to Point B is in the midst of a remarkable transformation driven by technological innovations in AI, robotics, electric battery development, digital platforms and manufacturing. A mobility revolution is in the making. And TechCrunch is here — and we’re not just along for the ride. We’re […]
View More TC Sessions: Mobility, a one-day session event on the future of transportationUber Freight is expanding into Europe
Uber Freight, the newly spun out Uber business unit that helps truck drivers connect with shipping companies, is kicking off its global expansion plans. The company said Wednesday it is launching the app in Europe, starting with the Netherlands. Local carriers and drivers will be able to book and move their first loads with Uber […]
View More Uber Freight is expanding into EuropeWaymo is gearing up to put a lot more self-driving cars on the road
Waymo is opening another technical service center in the Phoenix area, an expansion that will allow the autonomous vehicle technology startup to double its capacity in the area as it prepares to grow its commercial fleet. The new 85,000-square-foot center will be located in Mesa and is expected to open sometime in the second half […]
View More Waymo is gearing up to put a lot more self-driving cars on the roadYandex inks deal with Hyundai to build self-driving car tech for its Mobis OEM division
On the heels of becoming the latest investor in Ola, today Hyundai announced another key deal to further its ambitions in next-generation automotive services. Yandex, the Russian search giant that has been working on self-driving car technology, has inked a partnership with Hyundai to develop software and hardware for autonomous car systems. This is Yandex’s […]
View More Yandex inks deal with Hyundai to build self-driving car tech for its Mobis OEM divisionOla raises $300M as part of a new electric vehicle partnership with Hyundai and Kia
Ride-hailing platform Ola announced today that it has raised $300 million from Hyundai and Kia as part of a strategic partnership focused on electric vehicle development. This brings the company’s total raised to $3.8 billion according to Crunchbase. Ola’s last funding was announced just three weeks ago, when the company said it had raised $56 […]
View More Ola raises $300M as part of a new electric vehicle partnership with Hyundai and KiaSEC pushes court to hold Elon Musk in contempt over Tesla tweets
Tesla CEO Elon Musk is in blatant violation of a settlement agreement reached last year over securities fraud allegations, the U.S. Securities and Exchange Commission said in a biting response to the court that argued the billionaire entrepreneur be held in contempt. The response, which was filed late Monday, is the latest salvo in the […]
View More SEC pushes court to hold Elon Musk in contempt over Tesla tweets